The branch of economics that focuses on outcomes in highly aggregated markets, such as the markets for labor or consumption goods, is called:
a. macroeconomics
b. positive economics.
c. normative economics.
d. microeconomics.
a
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If a firm wants to sell bonds in Tokyo to denominated in U.S. dollars
A) they would be selling a form of Eurobonds. B) they would have to sell the bonds in dollars first. C) the bonds could only be sold if the firm opened a Eurocurrency account first. D) their profits would have to be converted to yen.
Which of the following describes the Volcker disinflation most accurately?
a. Almost all of the public believed that the Fed would keep money growth low, so unemployment rose less than it would have otherwise. b. Almost all of the public believed that the Fed would keep money growth low, so unemployment rose more than it would have otherwise. c. Much of the public did not believe that the Fed would keep money growth low, so unemployment rose less than it would have otherwise. d. Much of the public did not believe that the Fed would keep money growth low, so unemployment rose more than it would have otherwise.
Which approach to calculating GDP is computed using compensation of employees, rental income, profits, net interest, indirect business taxes, and depreciation?
A. The expenditure approach. B. The income approach. C. The product-market approach. D. The circular-flow approach.
The productivity standard says
A) that everyone should have exactly the same income. B) that the age-earnings cycle should determine income. C) that people should be compensated on the basis of what they produce. D) that people should be compensated on the basis of their need.